s1njin

You also have to factor in your upfront check or whatever they call it for the lease, unless you did for that $420/mo.

madsen203

Leases show virtually the true cost to drive. If you keep your truck for 20 years then it may be in your best interest to finance/pay out right. Virtually over 10 years when you calculate in your terminal value it is within a few dollars of each other to lease vs. finance. It is only keeping after the 10 year mark and not putting any extra maintenance other than oil/tires just to keep it running does it make financial sense to buy outright.

You really win on leases when you negotiate your capitalized cost way down and then lease the difference of the residual value. If you take the initial lease offer you are getting screwed. Most often you are paying 5% interest on the capitalized cost so if you can pay it up front to reduce your MF. It also is in your interest to negotiate this into the lease terms as they try to sneak this number up.

Gasser55

Guess if you want a new truck every two years a lease will make you think it's a better deal. No way is a lease a good deal for the buyer. A 50K truck with low mileage is worth far more then 10k in 10 years, probably like 20k. Your renting something constantly for 2-3 years and repeating the cycle. Think about that, cars take their biggest hits on depreciation the first 2-3 years- so you, as a leaser do the Ford Motor Finance Company a huge favor by volunteering to take that hit every lease. The best thing to do is buy a lightly used 2-3 year old truck every 2-3 years if you want a "new" truck that frequently.
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harley1340`

A lease is just a financing instrument. If you negotiate an outright purchase price then convert it to a lease at the same negotiated price and same interest rate/money factor. The only difference is you are paying sales tax on interest with a lease. There may be more junk fees with a lease, but if you intend to buy the vehicle at the end of a 3 year lease period and finance the buy out for 3 more years, the total out of pocket money should be pretty close to a 6 year finance. A lease is basically a "balloon" payment, the monthly payment is made up of three components, interest on the residual, amortized payments of the agreed upon purchase price minus down payment minus residual and sales tax on the first two components. If you plan on doing a lease, make sure you know how a leased payment is calculated and insure you are working off the same negotiated price. There are several lease calculator apps you can load on your smart phone, if you plan on leasing a vehicle make sure you load one of these apps and know how to use it to check your dealer numbers.

riptide88

Thats the misconception with leasing, everyone thinks people lease because they cant afford it and although there is definitely truth to this because a lot of people do it theres also the business owners that lease because they can write it off.

scott150

20k for a 10 year old truck is crazy! A 2008 Lariat screw 4x4 is $9,263-$10,839
http://www.autotrader.ca/valuations/...=3&condition=2

Buying slightly used is the absolute worst with the incentives offered on trucks these days... cars are a different story

Here are more findings on autotrader
2018 Lariat 502A = $54,0000
2016 Lariat 502A = $48,000
2014 Lariat = $35,000


Anyways... I knew this thread would turn into a lease vs finance debate just like every other thread that mentions the word "lease"

Kingofwylietx

Well then, you were correct.

I have my own feelings about leasing vs buying....but I don't care what others do with their money.

Hopefully you got the info you wanted before the thread got derailed.

scott150

Thanks.

The purpose of the thread was to get an idea of what I should expect to pay and what the current lease market is like.
Lease rates will vary significantly from dealer to dealer. Last time I shopped one dealer wanted $200 more per month than another dealer 20 minutes away.

I like to research things to death before I buy

butcher73

Now while I agree that leasing vs buying varies for people depending upon the situation, etc... leasing can work out better or buying can work out better.

But I do respectfully disagree with your statement above that it is the absolute worst. You compared a new truck with all the incentives laid into it (MSRP - incentives)... and then the used truck's asking price at the dealer (non negotiated price)... and we all know here we don't pay asking price when we walk into the place- new or used. That's like saying the new Lariat is $61k. And then we have the sales tax difference on top of that, while not YUGE, it could be another $500-1,000 savings on the lesser priced vehicle.

GReb